Sec Form 13D Filing - RANKIN ALFRED M filing for NACCO INDUSTRIES INC (NC) - 2024-02-12

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Schedule 13D/A

Under the Securities Exchange Act of 1934

(Amendment No. 31)

 

 

NACCO Industries, Inc.

(Name of Issuer)

Class A Common Stock, par value $1.00 per share

(Title of Class of Securities)

629579103

(CUSIP Number)

Alfred M. Rankin, Jr.

5875 Landerbrook Drive, Suite 300

Cleveland, Ohio 44124-4017

(440) 449-9600

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

February 2024

(Date of Event Which Requires Filing of This Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No. 629579202   Schedule 13D/A   Page 2 of 20

 

 1  

  

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Alfred M. Rankin, Jr.

 2

  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a) ☐  (b) ☒

 

 3

  

SEC USE ONLY

 

 4

  

SOURCE OF FUNDS*

 

OO – See Item 3

 5

  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

 6

  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

USA

NUMBER OF SHARES BENEFICIALLY  OWNED BY EACH REPORTING PERSON

WITH

      7     

SOLE VOTING POWER

 

253,967

      8     

SHARED VOTING POWER

 

352,608

      9     

SOLE DISPOSITIVE POWER

 

253,967

     10     

SHARED DISPOSITIVE POWER

 

352,608

11  

  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

606,575

12

  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*

 

13

  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

10.33%

14

  

TYPE OF REPORTING PERSON*

 

IN

 

- 2 -


CUSIP No. 629579202   Schedule 13D/A   Page 3 of 20

 

 1  

  

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Helen Rankin Butler

 2

  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a) ☐  (b) ☒

 

 3

  

SEC USE ONLY

 

 4

  

SOURCE OF FUNDS*

 

OO – See Item 3

 5

  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

 6

  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

US

NUMBER OF SHARES BENEFICIALLY  OWNED BY EACH REPORTING PERSON

WITH

      7     

SOLE VOTING POWER

 

68,094

      8     

SHARED VOTING POWER

 

282,045

      9     

SOLE DISPOSITIVE POWER

 

68,094

     10     

SHARED DISPOSITIVE POWE R

 

620,340

11  

  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

688,434

12

  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*

 

13

  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

11.72%

14

  

TYPE OF REPORTING PERSON*

 

IN

 

- 3 -


CUSIP No. 629579202   Schedule 13D/A   Page 4 of 20

 

 1  

  

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Matthew M. Rankin

 2

  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a) ☐  (b) ☒

 

 3

  

SEC USE ONLY

 

 4

  

SOURCE OF FUNDS*

 

OO – See Item 3

 5

  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

 6

  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

USA

NUMBER OF SHARES BENEFICIALLY  OWNED BY EACH REPORTING PERSON

WITH

      7     

SOLE VOTING POWER

 

29,474

      8     

SHARED VOTING POWER

 

1,930

      9     

SOLE DISPOSITIVE POWER

 

29,474

     10     

SHARED DISPOSITIVE POWER

 

340,225

11  

  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

369,699

12

  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*

 

13

  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

6.29%

14

  

TYPE OF REPORTING PERSON*

 

IN

 

- 4 -


CUSIP No. 629579202   Schedule 13D/A   Page 5 of 20

 

 1  

  

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Roger F. Rankin

 2

  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a) ☐  (b) ☒

 

 3

  

SEC USE ONLY

 

 4

  

SOURCE OF FUNDS*

 

OO – See Item 3

 5

  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

 6

  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

USA

NUMBER OF SHARES BENEFICIALLY  OWNED BY EACH REPORTING PERSON

WITH

      7     

SOLE VOTING POWER

 

1,067

      8     

SHARED VOTING POWER

 

366,207

      9     

SOLE DISPOSITIVE POWER

 

1,067

     10     

SHARED DISPOSITIVE POWER

 

366,207

11  

  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

367,274

12

  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*

 

13

  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

6.25%

14

  

TYPE OF REPORTING PERSON*

 

IN

 

- 5 -


CUSIP No. 629579202   Schedule 13D/A   Page 6 of 20

 

 1  

  

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Alison A. Rankin

 2

  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a) ☐  (b) ☒

 

 3

  

SEC USE ONLY

 

 4

  

SOURCE OF FUNDS*

 

OO – See Item 3

 5

  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

 6

  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

USA

NUMBER OF SHARES BENEFICIALLY  OWNED BY EACH REPORTING PERSON

WITH

      7     

SOLE VOTING POWER

 

6,613

      8     

SHARED VOTING POWER

 

22,366

      9     

SOLE DISPOSITIVE POWER

 

6,613

     10     

SHARED DISPOSITIVE POWER

 

360,661

11  

  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

367,274

12

  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*

 

13

  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

6.25%

14

  

TYPE OF REPORTING PERSON*

 

IN

 

- 6 -


CUSIP No. 629579202   Schedule 13D/A   Page 7 of 20

 

 1  

  

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Thomas T. Rankin

 2

  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a) ☐  (b) ☒

 

 3

  

SEC USE ONLY

 

 4

  

SOURCE OF FUNDS*

 

OO – See Item 3

 5

  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

 6

  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

USA

NUMBER OF SHARES BENEFICIALLY  OWNED BY EACH REPORTING PERSON

WITH

      7     

SOLE VOTING POWER

 

172

      8     

SHARED VOTING POWER

 

344,178

      9     

SOLE DISPOSITIVE POWER

 

172

     10     

SHARED DISPOSITIVE POWER

 

344,178

11  

  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

344,350

12

  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*

 

13

  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

5.86%

14

  

TYPE OF REPORTING PERSON*

 

IN

 

- 7 -


CUSIP No. 629579202   Schedule 13D/A   Page 8 of 20

 

 1  

  

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Elizabeth B. Rankin

 2

  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a) ☐  (b) ☒

 

 3

  

SEC USE ONLY

 

 4

  

SOURCE OF FUNDS*

 

OO – See Item 3

 5

  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

 6

  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

USA

NUMBER OF SHARES BENEFICIALLY  OWNED BY EACH REPORTING PERSON

WITH

      7     

SOLE VOTING POWER

 

722

      8     

SHARED VOTING POWER

 

30,682

      9     

SOLE DISPOSITIVE POWER

 

722

     10     

SHARED DISPOSITIVE POWER

 

368,977

11  

  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

369,699

12

  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*

 

13

  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

6.29%

14

  

TYPE OF REPORTING PERSON*

 

IN

 

- 8 -


CUSIP No. 629579202   Schedule 13D/A   Page 9 of 20

 

 1  

  

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Corbin K. Rankin

 2

  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a) ☐  (b) ☒

 

 3

  

SEC USE ONLY

 

 4

  

SOURCE OF FUNDS*

 

OO – See Item 3

 5

  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

 6

  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

USA

NUMBER OF SHARES BENEFICIALLY  OWNED BY EACH REPORTING PERSON

WITH

      7     

SOLE VOTING POWER

 

3,222

      8     

SHARED VOTING POWER

 

2,833

      9     

SOLE DISPOSITIVE POWER

 

3,222

     10     

SHARED DISPOSITIVE POWER

 

341,128

11  

  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

344,350

12

  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*

 

13

  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

5.86%

14

  

TYPE OF REPORTING PERSON*

 

IN

 

- 9 -


CUSIP No. 629579202   Schedule 13D/A   Page 10 of 20

 

 1  

  

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Claiborne R. Rankin

 2

  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a) ☐  (b) ☒

 

 3

  

SEC USE ONLY

 

 4

  

SOURCE OF FUNDS*

 

OO – See Item 3

 5

  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

 6

  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

USA

NUMBER OF SHARES BENEFICIALLY  OWNED BY EACH REPORTING PERSON

WITH

      7     

SOLE VOTING POWER

 

25,768

      8     

SHARED VOTING POWER

 

345,977

      9     

SOLE DISPOSITIVE POWER

 

25,768

     10     

SHARED DISPOSITIVE POWER

 

345,977

11  

  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

371,745

12

  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*

 

13

  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

6.33%

14

  

TYPE OF REPORTING PERSON*

 

IN

 

- 10 -


CUSIP No. 629579202   Schedule 13D/A   Page 11 of 20

 

 1  

  

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Chloe O. Rankin

 2

  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a) ☐  (b) ☒

 

 3

  

SEC USE ONLY

 

 4

  

SOURCE OF FUNDS*

 

OO – See Item 3

 5

  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

 6

  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

USA

NUMBER OF SHARES BENEFICIALLY  OWNED BY EACH REPORTING PERSON

WITH

      7     

SOLE VOTING POWER

 

2,360

      8     

SHARED VOTING POWER

 

31,090

      9     

SOLE DISPOSITIVE POWER

 

2,360

     10     

SHARED DISPOSITIVE POWER

 

369,385

11  

  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

371,745

12

  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*

 

13

  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

6.33%

14

  

TYPE OF REPORTING PERSON*

 

IN

 

- 11 -


CUSIP No. 629579202   Schedule 13D/A   Page 12 of 20

 

 1  

  

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

John C. Butler, Jr.

 2

  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a) ☐  (b) ☒

 

 3

  

SEC USE ONLY

 

 4

  

SOURCE OF FUNDS*

 

OO – See Item 3

 5

  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

 6

  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

USA

NUMBER OF SHARES BENEFICIALLY  OWNED BY EACH REPORTING PERSON

WITH

      7     

SOLE VOTING POWER

 

282,045

      8     

SHARED VOTING POWER

 

68,094

      9     

SOLE DISPOSITIVE POWER

 

282,045

     10     

SHARED DISPOSITIVE POWER

 

406,389

11  

  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

688,434

12

  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*

 

13

  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

11.72%

14

  

TYPE OF REPORTING PERSON*

 

IN

 

- 12 -


CUSIP No. 629579202   Schedule 13D/A   Page 13 of 20

 

Part II to Schedule 13D

This Amendment No. 31 to Schedule 13D (this “Amendment No. 31”) is hereby filed to update and supplement certain information with respect to the shares of Class A Common Stock (the “Class A Common”) of NACCO Industries, Inc. (the “Company”) held by Rankin Associates II, L.P., a Delaware limited partnership (the “Partnership”), that appeared in the Schedule 13D on February 18, 1998 (the “Initial Filing”), as amended on March 30, 1998 (the “Amendment No. 1”), as amended on April 20, 1998 (the “Amendment No. 2”), as amended on January 11, 1999 (the “Amendment No. 3”), as amended on May 28, 1999 (the “Amendment No. 4”), as amended on November 13, 2000 (the “Amendment No. 5”), as amended on February 14, 2001 (the “Amendment No. 6”), as amended on January 10, 2002 (the “Amendment No. 7”), as amended on October 31, 2002 (the “Amendment No. 8”), as amended on January 9, 2003 (the “Amendment No. 9”), as amended on April 28, 2003 (the “Amendment No. 10”), as amended on February 17, 2004 (the “Amendment No. 11”), as amended on February 15, 2005 (the “Amendment No. 12”), as amended on February 14, 2006 (the “Amendment No. 13”), as amended on February 14, 2007 (the “Amendment No. 14”), as amended on February 14, 2008 (the “Amendment No. 15”), as amended on February 13, 2009 (the “Amendment No. 16”), as amended on February 16, 2010 (the “Amendment No. 17”), as amended on February 14, 2011 (the “Amendment No. 18”), as amended on February 14, 2012 (the “Amendment No. 19”), as amended on February 14, 2013 (the “Amendment No. 20”), as amended on February 14, 2014 (the “Amendment No. 21”), as amended on February 13, 2015 (the “Amendment No. 22”), as amended on February 12, 2016 (the “Amendment No. 23”), as amended on February 14, 2017 (the “Amendment No. 24”), as amended on February 13, 2018 (the “Amendment No. 25”), as amended on February 13, 2019 (the “Amendment No. 26”), as amended on February 13, 2020 (the “Amendment No. 27”), as amended on February 12, 2021, (the “Amendment No. 28”), as amended on February 11, 2022 (the “Amendment No. 29”) and as amended on February 10, 2023 (the “Amendment No. 30” and, collectively, the “Filings”). This Amendment No. 31 (a) updates certain information with respect to certain Reporting Persons under the Filings and (b) reflects the acquisitions and/or dispositions of shares of Class A Common by certain Reporting Persons. Capitalized terms used herein but not defined herein have the meanings assigned to them in the Filings.

Item 2. Identity and Background.

(a)–(c) Item 2 of the Filings is hereby amended as follows:

The statements under the heading Alfred M. Rankin, Jr. which appear in the Filings, are hereby deleted and replaced by the following:

Alfred M. Rankin, Jr. Mr. Rankin’s resident address is 7421 Markell Road, Waite Hill, Ohio 44094. He is (a) Non-Executive Chairman of Hamilton Beach Brands Holding Company, a Delaware corporation at 4421 Waterfront Dr., Glen Allen, Virginia 23060, (b) Executive Chairman of Hyster-Yale Materials Handling, Inc. at 5875 Landerbrook Drive, Suite 300, Cleveland, Ohio 44124 and (c) Non-Executive Chairman of the Company at 5875 Landerbrook Drive, Suite 220, Cleveland, Ohio 44124.

Item 5. Interest in Securities of the Issuer.

The statements under the heading Alfred M. Rankin, Jr. which appear in the Filings, are hereby deleted and replaced in their entirety by the following:

Alfred M. Rankin, Jr. Mr. Rankin (a) shares with RMI and the other Reporting Persons the power to vote and dispose of 338,295 shares of Class A Common held by the Partnership; (b) has the sole power to vote and dispose of 204,871 shares of Class A Common under the Alfred Rankin Trust, with himself as trustee and for his benefit; (c) has the sole power to vote and dispose of 14,160 shares of Class A Common held in an individual retirement account; (d) has the sole power to vote and dispose of 34,936 shares of Class A Common under the Victoire Rankin Trust, with himself as trustee and for the benefit of his spouse; and (e) shares with his brother (Bruce T. Rankin) the power to vote and dispose of 14,313 shares of Class A Common held in trust for the benefit of that brother. Collectively, the 606,575 shares of Class A Common beneficially owned by Mr. Rankin constitute approximately 10.33% of the Class A Common outstanding as of December 31, 2023.

 

- 13 -


CUSIP No. 629579202   Schedule 13D/A   Page 14 of 20

 

The statements under the heading Helen Rankin Butler which appear in the Filings, are hereby deleted and replaced in their entirety by the following:

Helen Rankin Butler. Ms. Butler (a) by virtue of the Partnership Interests received as gifts, shares with RMI and the other Reporting Persons the power to dispose of 338,295 shares of Class A Common held by the Partnership; (b) is deemed to share with her spouse (John C. Butler, Jr.) the power to vote and dispose of 274,035 shares of Class A Common held by Mr. Butler, including (i) 271,235 shares of Class A Common held in a revocable trust for the benefit of Mr. Butler and (ii) 2,800 shares of Class A Common held in her spouse’s individual retirement account; (c) is deemed to share with her spouse (John C. Butler, Jr., as trustee) the power to vote and dispose of (i) 4,083 shares of Class A Common held in a trust for the benefit of her daughter (Clara R. Butler) and (ii) 3,927 shares of Class A Common held in a trust for the benefit of her son (Griffin B. Butler); and (d) has sole power to vote and dispose of 68,094 shares of Class A Common. Collectively, the 688,434 shares of Class A Common beneficially owned by Ms. Butler constitute approximately 11.72% of the Class A Common outstanding as of December 31, 2023.

The statements under the heading Matthew M. Rankin which appear in the Filings, are hereby deleted and replaced in their entirety by the following:

Matthew M. Rankin. Mr. Rankin (a) has sole power to vote and dispose of 29,474 shares of Class A Common; (b) by virtue of the Partnership Interests received as gifts, shares with RMI and the other Reporting Persons the power to dispose of 338,295 shares of Class A Common held by the Partnership; (c) is deemed to share with his spouse (Elizabeth B. Rankin) the power to vote and dispose of 722 shares of Class A Common owned by his spouse; (d) as a co-trustee, Mr. Rankin shares with his brother (James T. Rankin) the power to vote and dispose of 645 shares of Class A Common held in a trust for the benefit of his daughter (Mary M. Rankin); and (e) as a co-trustee, Mr. Rankin shares with his brother (James T. Rankin) the power to vote and dispose of 563 shares of Class A Common held in a trust for the benefit of his son (William A. Rankin). Collectively, the 369,699 shares of Class A Common beneficially owned by Mr. Rankin constitute approximately 6.29% of the Class A Common outstanding as of December 31, 2023.

The statements under the heading Roger F. Rankin which appear in the Filings, are hereby deleted and replaced in their entirety by the following:

Roger F. Rankin. Mr. Rankin (a) shares with his mother (Clara L.T. Rankin) the power to vote and dispose of 9,600 shares of Class A Common pursuant to an agreement with his mother, creating a trust for the benefit of her grandchildren; (b) shares with PNC Bank, N.A. (“PNC”) the power to vote and dispose of 5,320 shares of Class A Common held by the A.M. Rankin Sr. GST Trusts for the benefit of Alfred M. Rankin, Sr.’s grandchildren; (c) has sole power to vote and dispose of 1,067 shares of Class A Common; (d) is deemed to share with his spouse (Alison A. Rankin) the power to vote and dispose of 4,133 shares of Class A Common held in trust for his daughter (A. Farnham Rankin) and 2,246 shares of Class A Common held in trust for another daughter (Elisabeth M. Rankin) for which his spouse is trustee; (e) is deemed to share with his spouse the power to vote and dispose of 3,123 shares of Class A Common owned by his spouse; (f) is deemed to share with his spouse the power to vote and dispose of 3,490 shares of Class A Common beneficially owned by his spouse; and (g) shares with RMI and the other Reporting Persons the power to vote and dispose of 338,295 shares of Class A Common held by the Partnership. Collectively, the 367,274 shares of Class A Common beneficially owned by Mr. Rankin constitute approximately 6.25% of the Class A Common o utstanding as of December 31, 2023.

The statements under the heading Alison A. Rankin which appear in the Filings, are hereby deleted and replaced in their entirety by the following:

Alison A. Rankin. Ms. Rankin (a) is deemed to share with her spouse (Roger F. Rankin) the power to vote and dispose of 9,600 shares of Class A Common pursuant to an agreement with Clara L.T. Rankin, creating a trust for the benefit of Clara L.T. Rankin’s grandchildren; (b) is deemed to share with her spouse (Roger F. Rankin) and PNC the power to vote and dispose of 5,320 shares of Class A Common held by the A.M. Rankin Sr. GST Trusts for the benefit of Alfred M. Rankin, Sr.’s grandchildren; (c) by virtue of the Partnership Interests received as gifts, shares with RMI and the other Reporting Persons the power to dispose of 338,295 shares of Class A Common held by the Partnership; (d) has sole power to vote and dispose of 3,123 shares of Class A Common; (e) is deemed to share with her spouse (Roger F. Rankin) the power to vote and dispose of 1,067 shares of Class A Common owned

 

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by her spouse; (f) has the sole power to vote and dispose of 3,490 shares of Class A Common held by a trust created for her benefit and for which she is the trustee; and (g) is deemed to share with her spouse (Roger F. Rankin) the power to vote and dispose of 4,133 shares of Class A Common held in trust for her daughter (A. Farnham Rankin) and 2,246 shares of Class A Common held in trust for another daughter (Elisabeth M. Rankin) for which she is trustee. Collectively, the 367,274 shares of Class A Common beneficially owned by Ms. Rankin constitute approximately 6.25% of the Class A Common outstanding as of December 31, 2023.

The statements under the heading Thomas T. Rankin which appear in the Filings, are hereby deleted and replaced in their entirety by the following:

Thomas T. Rankin Mr. Rankin (a) shares with PNC the power to vote and dispose of 2,661 shares of Class A Common held by the A.M. Rankin Sr. GST Trusts for the benefit of Alfred M. Rankin, Sr.’s grandchildren; (b) has sole power to vote and dispose of 7 shares of Class A Common; (c) has the sole power to vote and dispose of 165 shares of Class A Common held by a trust created for his benefit and for which he is the trustee; (d) is deemed to share with his spouse (Corbin K. Rankin) the power to vote and to dispose of 3,222 shares of Class A Common owned by his spouse; and (e) shares with RMI and the other Reporting Persons the power to vote and dispose of 338,295 shares of Class A Common held by the Partnership. Collectively, the 344,350 shares of Class A Common beneficially owned by Mr. Rankin constitute approximately 5.86% of the Class A Common outstanding as of December 31, 2023.

The statements under the heading Elizabeth B. Rankin which appear in the Filings, are hereby deleted and replaced in their entirety by the following:

Elizabeth B. Rankin. Ms. Rankin (a) has sole power to vote and dispose of 722 shares of Class A Common; (b) by virtue of the Partnership Interests received as gifts, shares with RMI and the other Reporting Persons the power to dispose of 338,295 shares of Class A Common held by the Partnership; (c) is deemed to share with her spouse (Matthew M. Rankin) the power to vote and dispose of 28,974 shares of Class A Common held in a trust for the benefit of her spouse, for which her spouse is a co-trustee; (d) is deemed to share with her spouse the power to vote and dispose of 500 shares of Class A Common owned by her spouse; (e) is deemed to share with her spouse the power to vote and dispose of 645 shares of Class A Common held by her spouse as a co-trustee of a trust for the benefit of her daughter (Mary M. Rankin); and (f) is deemed to share with her spouse the power to vote and dispose of 563 shares of Class A Common held by her spouse as a co-trustee of a trust for the benefit of her son (William A. Rankin). Collectively, the 369,699 shares of Class A Common beneficially owned by Ms. Rankin constitute approximately 6.29% of the Class A Common outstanding as of December 31, 2023.

The statements under the heading Corbin K. Rankin which appear in the Filings, are hereby deleted and replaced in their entirety by the following:

Corbin K. Rankin. Ms. Rankin (a) is deemed to share with her spouse (Thomas T. Rankin) and PNC the power to vote and dispose of 2,661 shares of Class A Common held by the A.M. Rankin Sr. GST Trusts for the benefit of Alfred M. Rankin, Sr.’s grandchildren; (b) by virtue of the Partnership Interests received as gifts, shares with RMI and the other Reporting Persons the power to dispose of 338,295 shares of Class A Common held by the Partnership; (c) has sole power to vote and dispose of 3,222 shares of Class A Common; and (d) is deemed to share with her spouse (Thomas T. Rankin) the power to vote and dispose of 172 shares of Class A Common, including 165 shares of Class A Common owned by a revocable trust for the benefit of her spouse. Collectively, the 344,350 shares of Class A Common beneficially owned by Ms. Rankin constitute approximately 5.86% of the Class A Common outstanding as of December 31, 2023.

The statements under the heading Claiborne R. Rankin which appear in the Filings, are hereby deleted and replaced in their entirety by the following:

Claiborne R. Rankin. Mr. Rankin (a) shares with PNC the power to vote and dispose of 5,322 shares of Class A Common held by the A.M. Rankin Sr. GST Trusts for the benefit of Alfred M. Rankin, Sr.’s grandchildren; (b) has sole power to vote and dispose of 25,768 shares of Class A Common under the Claiborne Rankin Trust; (c) is deemed to share with his spouse (Chloe O. Rankin) the power to vote and dispose of 2,360 shares of Class A Common owned by his spouse; and (d) shares with Rankin Management, Inc. and the other Reporting Persons the power to vote and dispose of 338,295 shares of Class A Common held by the Partnership. Collectively, the 371,745 shares of Class A Common beneficially owned by Mr. Rankin constitute approximately 6.33% of the Class A Common outstanding as of December 31, 2023.

 

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The statements under the heading Chloe O. Rankin which appear in the Filings, are hereby deleted and replaced in their entirety by the following:

Chloe O. Rankin. Ms. Rankin (a) is deemed to share with her spouse (Thomas T. Rankin) and PNC the power to vote and dispose of 5,322 shares of Class A Common held by the A.M. Rankin Sr. GST Trusts for the benefit of Alfred M. Rankin, Sr.’s grandchildren; (b) by virtue of the Partnership Interests received as gifts, shares with Rankin Management, Inc. and the other Reporting Persons the power to dispose of 338,295 shares of Class A Common held by the Partnership; (c) is deemed to share with her spouse (Claiborne R. Rankin) the power to vote and dispose of 25,768 shares of Class A Common held by a revocable trust created for the benefit of her spouse; and (d) has the sole power to vote and dispose of 2,360 shares of Class A Common held in a trust created under the Agreement, dated June 1, 1995, creating a trust for her benefit. Collectively, the 371,745 shares of Class A Common beneficially owned by Ms. Rankin constitute approximately 6.33% of the Class A Common outstanding as of December 31, 2023.

The statements under the heading John C. Butler, Jr. which appear in the Filings, are hereby deleted and replaced in their entirety by the following:

John C. Butler, Jr. Mr. Butler (a) by virtue of the Partnership Interests received as gifts, shares with RMI and the other Reporting Persons the power to dispose of 338,295 shares of Class A Common held by the Partnership; (b) has sole power to vote and dispose of 274,035 shares of Class A Common held by Mr. Butler, including (i) 271,235 shares of Class A Common held in a revocable trust for the benefit of Mr. Butler, and (ii) 2,800 shares of Class A Common held in his individual retirement account; (c) as trustee, has sole power to vote and dispose of 4,083 shares of Class A Common held in a trust for the benefit of his daughter (Clara R. Butler); (d) as trustee, has sole power to vote and dispose of 3,927 shares of Class A Common held in a trust for the benefit of his son (Griffin B. Butler); and (e) is deemed to share with his spouse (Helen R. Butler) the power to vote and dispose of 68,094 shares of Class A Common beneficially owned by his spouse. Collectively, the 688,434 shares of Class A Common beneficially owned by Mr. Butler constitute approximately 11.72% of the Class A Common outstanding as of December 31, 2023.

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

The information provided with respect to the Stockholders’ Agreement is hereby amended by inserting at the end thereof the following:

Effective February 9, 2024, each of the Issuer and the Participating Stockholders executed and delivered an Amendment to the Stockholders’ Agreement amending the Amended and Restated Stockholders’ Agreement to add additional and remove certain Participating Stockholders under the Stockholders’ Agreement. A copy of the Fifth Amendment to the Amended and Restated Stockholders’ Agreement is attached hereto as Exhibit 31 and is incorporated herein in its entirety.

 

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Item 7. Material to be Filed as Exhibits.

Item 7 of the Initial Filing is hereby amended by adding the following:

 

Exhibit 31    Fifth Amendment to Amended and Restated Stockholders’ Agreement, dated as of February 9, 2024, by and between the Depository, the Issuer, the new Participating Stockholders and the Participating Stockholders (incorporated by refere nce to Exhibit 69 filed with Amendment No. 30 to the Statement on Schedule 13D, filed by the Reporting Persons named therein on February 12, 2024, Commission File Number 005-38001).

[Signatures begin on the next page.]

[The Remainder of this page was intentionally left blank.]

 

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SIGNATURES

After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct.

Date: February 12, 2024

 

RANKIN ASSOCIATES II, L.P.
By: Rankin Management, Inc., its Managing Partner
By:   /s/ Alfred M. Rankin, Jr.
  Alfred M. Rankin, Jr.
  President
RANKIN MANAGEMENT, INC.
By: Rankin Management, Inc., its Managing Partner
By:   /s/ Alfred M. Rankin, Jr.
  Alfred M. Rankin, Jr.
  President
REPORTING INDIVIDUALS
By:   /s/ Alfred M. Rankin, Jr.
  Alfred M. Rankin, Jr., on behalf of himself and as:

 

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Attorney-in-Fact for Helen R. Butler*

Attorney-in-Fact for Clara T. Rankin Williams*

Attorney-in-Fact for Thomas T. Rankin*

Attorney-in-Fact for Matthew M. Rankin*

Attorney-in-Fact for Claiborne R. Rankin*

Attorney-in-Fact for Chloe O. Rankin*

Attorney-in-Fact for Roger F. Rankin*

Attorney-in-Fact for Alison A. Rankin*

Attorney-in-Fact for Corbin K. Rankin*

Attorney-in-Fact for John C. Butler, Jr.*

Attorney-in-Fact for James T. Rankin*

Attorney-in-Fact for Claiborne R. Rankin, Jr.*

Attorney-in-Fact for David B. Williams*

Attorney-in-Fact for Scott W. Seelbach*

Attorney-in-Fact for Elizabeth B. Rankin*

Attorney-in-Fact for Thomas P. Rankin*

Attorney-in-Fact for Julia Rankin Kuipers*

Attorney-in-Fact for Lynne T. Rankin*

Attorney-in-Fact for Chloe R. Seelbach*

Attorney-in-Fact for CRW 2020 GST Trust for Margo

J.V. Williams*

Attorney-in-Fact for CRW 2020 GST Trust for Helen C. Williams*

Attorney-in-Fact for HRB 2020 GST Trust for Clara R. Butler*

Attorney-in-Fact for HRB 2020 GST Trust for Griffin B. Butler*

Attorney-in-Fact for JCB 2020 GST Trust for Clara R. Butler*

Attorney-in-Fact for JCB 2020 GST Trust for Griffin B. Butler*

Attorney-in-Fact for BTR 2020 GST Trust for Helen R. Butler*

Attorney-in-Fact for BTR 2020 GST Trust for Clara R. Williams*

Attorney-in-Fact for BTR 2020 GST Trust for Matthew M. Rankin*

Attorney-in-Fact for BTR 2020 GST Trust for James T. Rankin*

Attorney-in-Fact for BTR 2020 GST Trust for Thomas

P.K. Rankin*

Attorney-in-Fact for BTR 2020 GST Trust for Chloe R. Seelbach*

Attorney-in-Fact for BTR 2020 GST Trust for Claiborne

R. Rankin, Jr.*

Attorney-in-Fact for BTR 2020 GST Trust for Julia R. Kuipers*

Attorney-in-Fact for BTR 2020 GST Trust for Anne F. Rankin*

Attorney-in-Fact for BTR 2020 GST Trust for Elisabeth M. Rankin*

 

 

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Attorney-in-Fact for Alison A. Rankin, as trustee fbo A. Farnham Rankin under Irrevocable Trust No. 1, dated December 18, 1997, with Roger Rankin, Grantor*

Attorney-in-Fact for Alison A. Rankin, as trustee fbo Elisabeth M. Rankin under Irrevocable Trust No. 1, dated December 18, 1997, with Roger Rankin, Grantor*

Attorney-in-Fact for Alison A. Rankin as Trustee under Irrevocable Trust No. 2, dated September 11, 2000, for the benefit of A. Farnham Rankin*

Attorney-in-Fact for Alison A. Rankin as Trustee under Irrevocable Trust No. 2, dated September 11, 2000, for the benefit of Elisabeth M. Rankin*

Attorney-in-Fact for 2012 Alison A. Rankin Trust*

 

*

The power of attorney authorizing the above named individual to act on behalf of each of the foregoing Reporting Persons is included in Exhibit 25 of the Filings.

 

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